Asset World launches record $1.4bn Thai IPO

Thai real estate owner and developer Asset World Corp has hit the market with a Bt41.7bn ($1.36bn) IPO, set to be the country’s largest listing by a private company, according to a term sheet seen by GlobalCapital Asia.

By Jonathan Breen

11 Sep 2019

The issuer is working with international co-ordinators Bank of America, Morgan Stanley and UBS for the deal, which comprises 6.96bn shares on offer at a fixed price of Bt6.00 apiece. There is also a 1.04bn share greenshoe.

In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

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